Mountain Tech Analysis

AUDUSD

0.68 Currently. 

Moving around the range 0.64-0.7 the past 3 months with the RBA trailing the FED when it comes to interest rate decisions.

RBA 4.1% VS FED 5.25% . 

There is a lot of discontent with the rising interest rates in Australia as it’s causing many borrowers budget turmoil. But at the same time to control this inflation of 7% , the RBA has to follow the lead of the FED and raise its interest rates to keep the AUD strong . Import prices are to be defended.Whether the population likes it or not ,it has to be done to protect the currency and inlflation.

NZDUSD

at 0.68 

Moving in the range of 0.60-0.65 the past 3 months.

RBNZ 5.5%

NZ economy entered a recession in June with 2 negative quarters of GDP growth.

In June the 

Trade Balance was 46 M vs expected 350 M

Current Account  was -5.22B vs expected -6.95B